LPL Financial LLC Grows Stake in OneMain Holdings, Inc. (NYSE:OMF)

LPL Financial LLC increased its holdings in shares of OneMain Holdings, Inc. (NYSE:OMF) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,836 shares of the financial services provider’s stock after purchasing an additional 9,245 shares during the quarter. LPL Financial LLC owned approximately 0.14% of OneMain worth $8,437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Legend Financial Advisors Inc. purchased a new position in shares of OneMain during the fourth quarter worth about $26,000. FNY Investment Advisers LLC acquired a new stake in shares of OneMain in the 4th quarter valued at about $26,000. Albion Financial Group UT purchased a new position in OneMain during the 4th quarter worth approximately $26,000. Continuum Advisory LLC acquired a new position in OneMain during the third quarter worth approximately $28,000. Finally, IFP Advisors Inc lifted its stake in OneMain by 180.0% in the fourth quarter. IFP Advisors Inc now owns 770 shares of the financial services provider’s stock valued at $40,000 after buying an additional 495 shares during the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at OneMain

In related news, SVP Michael A. Hedlund sold 2,808 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $56.09, for a total transaction of $157,500.72. Following the transaction, the senior vice president now owns 15,831 shares of the company’s stock, valued at approximately $887,960.79. This represents a 15.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.45% of the company’s stock.

OneMain Price Performance

Shares of NYSE:OMF opened at $40.99 on Friday. OneMain Holdings, Inc. has a 12 month low of $39.55 and a 12 month high of $58.90. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 0.44 and a beta of 1.35. The business’s 50 day simple moving average is $52.22 and its 200-day simple moving average is $52.02.

OneMain Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Wednesday, February 12th were given a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $4.16 annualized dividend and a dividend yield of 10.15%. OneMain’s dividend payout ratio is presently 98.11%.

Analysts Set New Price Targets

OMF has been the topic of a number of recent research reports. Stephens reaffirmed an “overweight” rating and issued a $62.00 target price on shares of OneMain in a report on Monday, February 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $65.00 target price on shares of OneMain in a report on Monday, February 3rd. Wells Fargo & Company raised their price target on OneMain from $52.00 to $57.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Evercore ISI started coverage on OneMain in a research note on Tuesday, March 25th. They set an “in-line” rating and a $58.00 price objective for the company. Finally, StockNews.com upgraded OneMain from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.17.

OneMain Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.